If both purchases and ending inventory are overstated by the same amount, net income is not affected.
a. true
b. false
Answer: a. true
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Which of the following is included in the Fifth Amendment to the U.S. Constitution?
A. Prohibition against excessive bail or fines B. The exclusionary rule C. Prohibition against double jeopardy D. The right of confrontation
A product category is also known as a:
A) product brand. B) product variant. C) product type. D) product class.
Extortion of private persons is commonly referred to as ________.
A. kick-backs B. obstruction of justice C. collusion D. blackmail
Capital Bank's policy requires that indorsements on checks exactly match the names of the payees. Don, an employee of eData Company, issues and indorses several payroll checks in the names of former employees and deposits them into his account at Capital. eDatafiles a suit against Capital to recover the funds. Most likely to suffer the loss is
a. Capital Bank on the basis of bad faith. b. Don on the ground that he was a fictitious payee. c. eDataCompany for failing to monitor its employee. d. the employees in whose names the checks were issued and indorsed.